Nippon Steel's profit per tonne is triple U.S. Steel's, double others'

Japanese steelmaker still lags top competitors in market cap

20241011N Nippon Steel

Nippon Steel cut capacity at steel operations before the current market slump. (Photo by Nikkei)

KENSHO MOTOWAKI, Nikkei staff writer

TOKYO -- Japan's Nippon Steel is the world's top conventional steelmaker in terms of profit for volume produced, far outpacing its closest rivals.

The company generated roughly $150 per tonne of crude steel manufactured for the April-June quarter -- roughly double the amounts at such fellow blast furnace operators as Europe's ArcelorMittal and South Korea's Posco Holdings.

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